Fluent Financial LLC Purchases New Shares in McCormick & Company, Incorporated $MKC

Fluent Financial LLC acquired a new stake in McCormick & Company, Incorporated (NYSE:MKC) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 28,133 shares of the company’s stock, valued at approximately $1,418,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Aristotle Capital Management LLC lifted its holdings in shares of McCormick & Company, Incorporated by 231.9% during the first quarter. Aristotle Capital Management LLC now owns 12,664,378 shares of the company’s stock worth $638,795,000 after buying an additional 8,848,235 shares in the last quarter. Invesco Ltd. grew its stake in shares of McCormick & Company, Incorporated by 66.7% in the third quarter. Invesco Ltd. now owns 6,232,337 shares of the company’s stock valued at $417,006,000 after acquiring an additional 2,494,544 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of McCormick & Company, Incorporated by 67.2% in the third quarter. Wellington Management Group LLP now owns 2,797,533 shares of the company’s stock valued at $187,183,000 after acquiring an additional 1,124,003 shares in the last quarter. Diamant Asset Management Inc. grew its stake in shares of McCormick & Company, Incorporated by 4,848.6% in the first quarter. Diamant Asset Management Inc. now owns 1,046,630 shares of the company’s stock valued at $52,792,000 after acquiring an additional 1,025,480 shares in the last quarter. Finally, Engineers Gate Manager LP bought a new position in McCormick & Company, Incorporated during the fourth quarter worth about $64,522,000. 79.74% of the stock is owned by institutional investors and hedge funds.

McCormick & Company, Incorporated Stock Down 0.0%

Shares of NYSE MKC opened at $52.94 on Monday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.39 and a current ratio of 0.78. McCormick & Company, Incorporated has a 52 week low of $44.82 and a 52 week high of $72.58. The stock has a market capitalization of $14.23 billion, a P/E ratio of 8.81, a PEG ratio of 2.65 and a beta of 0.64. The stock’s fifty day moving average is $50.22 and its 200 day moving average is $54.66.

McCormick & Company, Incorporated (NYSE:MKC) last posted its quarterly earnings results on Thursday, June 25th. The company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.11. McCormick & Company, Incorporated had a return on equity of 12.78% and a net margin of 21.91%.The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter in the previous year, the firm earned $0.69 earnings per share. McCormick & Company, Incorporated’s revenue for the quarter was up 16.7% compared to the same quarter last year. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. Sell-side analysts forecast that McCormick & Company, Incorporated will post 3.09 earnings per share for the current fiscal year.

McCormick & Company, Incorporated Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Monday, July 6th were given a $0.48 dividend. The ex-dividend date was Monday, July 6th. This represents a $1.92 annualized dividend and a dividend yield of 3.6%. McCormick & Company, Incorporated’s payout ratio is presently 31.95%.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Weiss Ratings upgraded shares of McCormick & Company, Incorporated from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday. TD Cowen decreased their target price on shares of McCormick & Company, Incorporated from $64.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, June 26th. JPMorgan Chase & Co. lowered their target price on shares of McCormick & Company, Incorporated from $64.00 to $63.00 and set an “overweight” rating on the stock in a report on Friday, June 12th. BTIG Research initiated coverage on shares of McCormick & Company, Incorporated in a research report on Tuesday, April 14th. They issued a “neutral” rating for the company. Finally, Jefferies Financial Group dropped their price target on shares of McCormick & Company, Incorporated from $64.00 to $62.00 and set a “buy” rating for the company in a research report on Thursday, June 4th. Six equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $60.50.

McCormick & Company, Incorporated Profile

McCormick & Company, Incorporated (NYSE: MKC) is a global leader in spices, seasonings and flavor solutions. Headquartered in Hunt Valley, Maryland, the company traces its origins to the late 19th century and has grown into a major manufacturer and marketer of branded and private‑label flavor products for consumer, industrial and foodservice markets.

McCormick’s product portfolio includes pure spices and herbs, blended seasonings, marinades, rubs, sauces, extracts and specialty flavorings, along with ingredient systems and custom flavor development for manufacturers and foodservice operators.